However, the late 90s also brought the dot-com bubble. While the US markets were obsessed with internet stocks, the Nifty remained relatively grounded, thanks to regulatory caution and the lack of tech listings in India at the time. Yet, the "Ketan Parekh Scandal" in 2001 shook the market. The Nifty data from this era shows a sharp correction, a painful reminder that the young index was still vulnerable to manipulation and liquidity crises.
But the subsequent recovery wrote a new history. The "Work From Home" era fueled a tech rally. The index composition shifted aggressively. New-age tech companies and digital giants gained prominence. Gautam Adani’s companies briefly became the second-largest weight in the index, only to be humbled later by market forces.
The Nifty Index was launched on April 22, 1996, with a base value of 1000. It was designed to represent the Indian equity market and provide a benchmark for investors. Over the years, the index has undergone several changes, including the introduction of new constituents and the adjustment of weighting methodologies.
However, the late 90s also brought the dot-com bubble. While the US markets were obsessed with internet stocks, the Nifty remained relatively grounded, thanks to regulatory caution and the lack of tech listings in India at the time. Yet, the "Ketan Parekh Scandal" in 2001 shook the market. The Nifty data from this era shows a sharp correction, a painful reminder that the young index was still vulnerable to manipulation and liquidity crises.
But the subsequent recovery wrote a new history. The "Work From Home" era fueled a tech rally. The index composition shifted aggressively. New-age tech companies and digital giants gained prominence. Gautam Adani’s companies briefly became the second-largest weight in the index, only to be humbled later by market forces. nifty index historical data
The Nifty Index was launched on April 22, 1996, with a base value of 1000. It was designed to represent the Indian equity market and provide a benchmark for investors. Over the years, the index has undergone several changes, including the introduction of new constituents and the adjustment of weighting methodologies. However, the late 90s also brought the dot-com bubble